bad apples, chapter 11 and the like?
ha.
some of the greatest airlines have been in bankruptcy. they were the ones that made a massive airline system work.
deregulation, in theory is fine. in practice, it has failed to produce a BETTER airline system. Cheaper perhaps, but not BETTER.
Better. on time...better service...happier passengers
nope, deregulation without a massive infrastructure improvment means things are falling apart.